LINE NEXT, the LINE Corporation venture dedicated to Web3, has secured a game-changing $140 million investment from Crescendo Equity Partners, marking the largest funding in the Asian blockchain Web3 industry for 2023. This bold move positions LINE NEXT as a major force in shaping the future of Web3, with ambitious plans to expand its global reach and develop innovative services.
Image Credits: Linecorp
Global Marketplace Takes Center Stage:
At the heart of LINE NEXT’s vision lies DOSI, its global NFT platform set for a January 2024 launch. Available as a mobile app, DOSI will offer a diverse marketplace for trading digital goods, integrating seamlessly with Japan’s established LINE NFT platform. This move paves the way for a truly unified Web3 experience for users worldwide.
Beyond Marketplaces: Empowering Brands and Users:
LINE NEXT isn’t stopping at marketplaces. The company aims to empower services and brands to integrate Web3 directly into their existing digital offerings, enabling ownership and trading of their products. This opens up exciting possibilities for seamless user engagement and value creation within the Web3 ecosystem.
More Than Just Transactions: Building Social Connections and Playful Experiences:
LINE NEXT’s vision extends beyond mere transactions. They plan to introduce a social app powered by AI, allowing users to connect based on shared digital characters. Additionally, new Web3 games featuring the beloved BROWN & FRIENDS characters promise to bring joy and engagement to the Web3 space.
Finschia: A Foundation for Growth:
These innovative services will be built upon the Finschia public blockchain, with LINE NEXT and Crescendo actively involved as governance members. This collaboration ensures a robust ecosystem for future development and expansion.
Crescendo: Backing a Vision for the Future:
Crescendo’s investment is a testament to the immense potential LINE NEXT holds. Their focus on fostering “tech-ecosystems” and nurturing global champions aligns perfectly with LINE NEXT’s ambition to democratize Web3 access.
Youngsu Ko, CEO of LINE NEXT, aptly states, “This investment is a vote of confidence in our vision to popularize Web3 and create a new service ecosystem where users own the value of their digital goods.”
With a proven track record of rapid growth and a clear roadmap for the future, LINE NEXT is poised to be a major driver in Web3 adoption worldwide. Their commitment to user empowerment, innovative service development, and strategic partnerships like the one with Crescendo positions them for a bright future in shaping a more inclusive and user-centric Web3 landscape.
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